BLACKGOLD NATURAL RESOURCES LIMITED BlackGold Natural Resources Limited announced that it has entered into a purchase agreement for the issuance of convertible bonds with PT Bumi Pratama Energi for gross proceeds of SGD 2,250,000 on May 1, 2023. The company will issue the securities in 2 tranches which are Series A Bonds for SGD 500,000 and Series B bonds SGD 1,750,000. The bonds do not carry any interest.
The bonds are unsecured, redeemable and unsubordinated. The bonds will be converted into 450,000,000 at a conversion price of SGD 0.005. The maturity date shall be the date falling 36 months from the date of the relevant bonds have been issued and registered, or such other date as may be agreed upon.
The bonds cannot be transferred except with the prior written approval of the company. The transaction is subject to the approval of shareholders of the company.
